On July 10, 2025, Puerto Rico's Financial Oversight and Management Board (FOMB) halted New Fortress Energy Inc.'s proposed $20 billion natural gas supply deal. The FOMB expressed 'profound concerns' over the proposed 15-year contract.
The primary reason cited for the halt was 'monopoly concerns,' indicating regulatory scrutiny over the terms and market implications of such a large-scale, long-term agreement. This decision impacts a significant potential revenue stream for New Fortress Energy in a key market.
This regulatory intervention represents a major setback for New Fortress Energy's expansion plans in Puerto Rico. It underscores the challenges of securing long-term contracts in regulated markets and the potential for government oversight to disrupt strategic initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.